In my post last week, I talked about adjustments on closing. Adjustments are one element of closing costs: the costs that you will have to pay in addition to your purchase price in order to buy your home. There are several line items in closing costs; some are fixed, and some are variable. Some fixed… Continue reading Closing time
Tag: real estate law
Time for an adjustment
Often, when you put an offer in on a property, you think about what you will need to pay for it on its face. It is important, however, to also keep all of your closing costs in mind. I will be expanding on closing costs in my post next week, but today I wanted to… Continue reading Time for an adjustment
Buying tenants
If you are purchasing a home that is currently rented out (or has an apartment that is currently rented out), there are extra precautions that you should take to ensure that the closing will go smoothly, whether you want to buy the house empty or want to keep the tenants. If you are buying a… Continue reading Buying tenants
Selling your house while you are on vacation
When I bought my home three years ago, I ran into a small snag: the vendors were insistent on closing on a date when I was not going to be in the country, as I had booked a (very) long-planned visit to old friends overseas. Not wanting to lose the house over this detail, I… Continue reading Selling your house while you are on vacation
What exactly is a condominium, anyway?
Condos were created in Ontario by the Condominium Act in 1967; the legislation has changed many times, and the most recent version is the Condominium Act, 1998, which was passed in (naturally) 2001. There has been some talk of some updates recently, but the legislation is still substantially the same as it was ten years… Continue reading What exactly is a condominium, anyway?